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Louisiana, Mississippi Insurers Face Record Losses
The record total of homeowners' insurance claim payments that resulted from the 2005 hurricanes in the Gulf area is enough to wipe out all homeowners' premiums paid in Louisiana during the past 25 years, and enough to erase all homeowners' premiums paid in Mississippi during the past 17 years, according to the Insurance Information Institute.
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IIHS: Most SUV Seat/Head Restraints Inadequate
Only six of the seat/head restraint combinations in 44 current model SUVs are rated good for protection against whiplash injuries in rear-end crashes, according to a recent study conducted by the Insurance Institute for Highway Safety. None of the seat/head restraint designs in 15 pickup truck models earns a good rating.
Read MoreIRC: One in Three California Auto Claims Fraudulent
According to a recent study by the Insurance Research Council, an estimated $319 and $432 million in bodily injury liability payments in California were attributable to claim fraud and buildup in 2002. That means almost one in three auto claims in the state contain some sort of fraud.
Read MoreWausau Studies Workers' Comp Claim Costs, Lost Productivity
Insurance
buyers see increasing value from reducing their total cost of risk
across multiple lines of commercial insurance, according to a new survey
commissioned by Wausau Insurance, a national property and casualty
company.
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| High Tech |
TyMetrix 360° Adds Features
CT TyMetrix, a provider of web-based management solutions for corporate law departments, claim organizations, and law firms, has added budgeting and forecasting features to its TyMetrix 360° platform. The company claims that these enhancements will enable companies to better estimate and track outside counsel expenses as well as generate cost projections for individual matters and law firms. It also allows the corporate legal and claim departments to monitor and control case costs.
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Find the latest software products in the claims market.
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| Features |
A New Look for e-News
You may have noticed the new look to Claims e-News this week. We have traded in the newsletter's familiar face for a fresh and streamlined look in 2006. Popular features, such as the weekly Claims IQ question, have been situated in order to make finding it a bit easier. We have also attempted to clear out some of the clutter, resulting in pages loading faster for quicker viewing.
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Annual Calendar of Events Updated
The Claims annual events calendar, one of magazine's most popular features, has been updated on the web with all the listings for 2006. The page can be searched by month and features contact information and location listings for many of the industry's most important events.
Read MoreFraud of the Week: Theft by Deception
A New Jersey woman has been charged with falsifying an automobile insurance application in order to obtain coverage at a lower cost.
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